First Point Minerals Corp.

First Point Minerals Corp.

April 18, 2011 08:00 ET

First Point Approves $2 Million Worldwide Campaign to Explore for Nickel-Iron Alloy Targets in 2011

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 18, 2011) - First Point Minerals Corp. (TSX VENTURE:FPX) ("First Point" or the "Company") is pleased to announce that it has approved a $2 million campaign to explore for "naturally occurring stainless steel" nickel-iron alloy targets internationally in 2011. This campaign also includes further work on seven nickel-iron alloy properties in North America, all 100% owned by First Point.

Using the Company's Decar nickel project in central British Columbia as a geological model and six years of exploration expertise to recognize and explore for this unique style of mineralization, First Point is deploying teams of geologists to prospective regions of the world to search for nickel-iron alloy mineralization.

One of the challenges in exploring for this style of mineralization was to develop an analytical technique to accurately assay for the nickel present in the form of the nickel-iron alloy versus total nickel, which includes nickel sulphides and nickel-in-silicate minerals. A commercially certified, selective extraction process for analyzing nickel-iron alloy has been developed for the exclusive use of First Point, giving the Company a significant competitive advantage in exploring for this style of mineralization.

This year's exploration program is targeting permissive geological settings in politically stable countries with soundly administered mining and environmental laws and regulations. The objective is to acquire additional properties by year-end which will be wholly-owned by First Point.

This $2 million exploration campaign includes the previously announced $370,000 regional field work program that First Point has planned for its six other 100%-owned properties in central and northern British Columbia. These properties all cover sizeable ultramafic complexes, with coincident airborne magnetic highs.

The most advanced of these is the Klow property, where First Point has discovered significant showings of nickel-iron alloy mineralization. Klow is located 135 kilometres north of Fort St. James and 55 kilometres north of the Decar project. Follow-up work at Klow will include detailed sampling and mapping, and either an airborne or ground magnetic geophysical survey.

Dr. Ron Britten, P. Eng., First Point's Qualified Person under NI43-101, has reviewed and approved the technical content of this news release.

About First Point

First Point Minerals Corp. is a Canadian base and precious metal exploration company. The company's flagship Decar nickel property in central British Columbia is the subject of an exploration and development program being funded by Cliffs Natural Resources (NYSE:CLF) (Paris: CLF), an international mining and natural resources company headquartered in the United States. For more information, please view the Company's website at

On behalf of First Point Minerals Corp.

Peter Bradshaw, Ph.D., P. Eng., President

Forward-Looking Statements

Certain of the statements made and information contained herein is considered "forward-looking information" within the meaning of applicable Canadian securities laws. These statements address future events and conditions and so involve inherent risks and uncertainties, as disclosed in the Company's periodic filings with Canadian securities regulators. Actual results could differ from those currently projected. The Company does not assume the obligation to update any forward-looking statement.

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

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